Financials Atlas Insurance Limited

Equities

ATIL

PK0003301014

Property & Casualty Insurance

End-of-day quote Pakistan S.E. 06:00:00 2024-05-16 pm EDT 5-day change 1st Jan Change
40 PKR +0.05% Intraday chart for Atlas Insurance Limited +0.63% -3.61%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 4,294 4,939 5,224 5,179 5,183 6,201
Enterprise Value (EV) 1 2,966 4,315 4,415 4,264 3,729 4,732
P/E ratio 6.45 x 7.93 x 8.09 x 6.2 x 7.21 x 6.16 x
Yield 11.4% 10.9% 11.4% 11.5% 12.6% -
Capitalization / Revenue 2.48 x 2.84 x 3.06 x 2.33 x 2.26 x 1.9 x
EV / Revenue 1.71 x 2.48 x 2.59 x 1.92 x 1.62 x 1.45 x
EV / EBITDA 3.08 x 4.69 x 4.7 x 3.52 x 3.29 x 2.63 x
EV / FCF 3.03 x 6.48 x 3.54 x 2.71 x 3.78 x 13.8 x
FCF Yield 33% 15.4% 28.2% 36.9% 26.5% 7.25%
Price to Book 1.24 x 1.33 x 1.09 x 1.24 x 1.45 x 1.3 x
Nbr of stocks (in thousands) 149,416 149,416 149,416 149,416 149,416 149,416
Reference price 2 28.74 33.06 34.97 34.66 34.69 41.50
Announcement Date 4/3/19 4/21/20 3/18/21 3/31/22 4/4/23 4/5/24
1PKR in Million2PKR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,735 1,738 1,706 2,222 2,295 3,266
EBITDA 1 963.7 919.8 938.7 1,211 1,133 1,800
EBIT 1 944.3 898.1 917 1,190 1,104 1,762
Operating Margin 54.44% 51.67% 53.74% 53.54% 48.11% 53.95%
Earnings before Tax (EBT) 1 989 895.2 907.8 1,182 1,096 1,823
Net income 1 665.6 623.3 645.4 835.4 719.3 1,007
Net margin 38.37% 35.86% 37.82% 37.6% 31.34% 30.83%
EPS 2 4.454 4.171 4.320 5.591 4.814 6.740
Free Cash Flow 1 979.3 665.5 1,247 1,573 987.6 342.9
FCF margin 56.45% 38.29% 73.07% 70.78% 43.03% 10.5%
FCF Conversion (EBITDA) 101.62% 72.35% 132.84% 129.87% 87.2% 19.05%
FCF Conversion (Net income) 147.14% 106.77% 193.2% 188.25% 137.29% 34.04%
Dividend per Share 2 3.287 3.616 3.977 3.977 4.375 -
Announcement Date 4/3/19 4/21/20 3/18/21 3/31/22 4/4/23 4/5/24
1PKR in Million2PKR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 1,328 624 810 914 1,454 1,469
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 979 665 1,247 1,573 988 343
ROE (net income / shareholders' equity) 17.7% 17.4% 15.2% 18.7% 18.5% 24.1%
ROA (Net income/ Total Assets) 8.79% 8.19% 6.87% 7.83% 7.31% 9.65%
Assets 1 7,572 7,606 9,401 10,663 9,835 10,439
Book Value Per Share 2 23.20 24.80 32.00 28.00 24.00 31.90
Cash Flow per Share 2 8.890 4.350 5.910 6.520 10.40 10.30
Capex 1 32.8 40.3 21.9 34.8 77.6 87.6
Capex / Sales 1.89% 2.32% 1.29% 1.56% 3.38% 2.68%
Announcement Date 4/3/19 4/21/20 3/18/21 3/31/22 4/4/23 4/5/24
1PKR in Million2PKR
Estimates
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